2 Compute Hope Life's days' sales in inventory for the year. (Round to two decimal places.) two decimal places.) Requirement 1. Compute Hope Life's inventory turnover rate for the year. (Round Select the labels and enter the amounts to compute the inventory turnover rate. (Round your answer to two decimal places, X.XX.) Cost of Goods Sold Average Merchandise Inventory Inventory turnover 4.18 times 59,800 14,300 Requirement 2. Compute Hope Life's days' sales in inventory for the year. (Round to two decimal places.) Select the labels and enter the amounts to compute the days' sales in inventory for the year. (Enter all amounts to two decimal places, X.XX.) Days' sales in inventory = days